I shoot mainly JPG. I've been using Picasa for organising photos, easy processing and uploading to my Picasa account. I'm not someone who is going to spend a lot of time on PP atm. I need a reasonably quick easy fix tool that I can see what its doing so I learn.

I do want to shoot more video.

I've used GIMP a bit web banners for creating a couple of + Canon's photostitch for a some panoramas.

I dont want to load loads and loads of software onto my machine

Will Lightroom and Premiere do most things? Is there a better combination? Am I missing something?

Ive never done video editing before so I'm no expert, how ever I found this page with some information about Adobe Premiere Elements9 @$89.99
but the review says there's a better piece of software (CyberLink PowerDirector 9 Deluxe ) @$49.95 a lot of savings